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Daewoo Ship wins $1.1bn Norway rig order

SEOUL : South Korea's Daewoo Shibuilding & Marine Engineering said on Wednesday that it had won an $1.1 billion deal to
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By Shoaib Ur Rehman
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dewaooSEOUL: South Korea's Daewoo Shibuilding & Marine Engineering said on Wednesday that it had won an $1.1 billion deal to build two submersible drilling rigs from Norway's Songa Offshore .

The rigs would be chartered to Norwegian state-run oil company Statoil from Songa for eight years after the delivery planned in the second half of 2014, Daewoo said.

Daewoo added in a statement that the firm agreed to an option for additional two vessels of the same type.

 

Copyright Reuters, 2011

 

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